11 June 2021
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^NYA |NYSE Composite Index and Bollinger Bands and Moving Averages
Study NYSE Composite Index and Bollinger Bands and Moving Averages.
Bollinger Bands and Moving Averages are great visual tool. Bollinger Bands will envelop the price action. Fast and Slow Moving Averages can provide you some projection of near term price action changes. Trade with eyes open.
Price Action and moving averages:
^NYA, NYSE Composite Index price action has closed above its Short time (25 period) moving average.
Short time (25) moving average is currently above mid-time (50), AND above long time (200) moving averages.
Bollinger Bands:
^NYA, NYSE Composite Index price action has closed inside upper band.
Bollinger Bands are narrower than normal.
The current bands (alone) does not suggest anything about the future volatility or movement of price action.
Manage risk is a key in trading. Trade carefully.
Moses Free Charting
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.
We learn from many past and present great traders. Kudo to these master.